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Expect more banks to ditch holding companies: KBW's Michaud

Two small banks — Bank of the Ozarks and BancorpSouth — have recently announced plans to ditch their holding companies, but more could be around the corner, according to Tom Michaud, CEO of Keefe, Bruyette & Woods. A big reason why is that regulators haven't gone far enough in "harmonizing their approach" to oversight, he said at KBW's community banking conference last week.